New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A total of Rs. 17400 is shared between 'X' and 'Y' in the

    ratio 11:7. If 'Y' invests his portion in a compound interest scheme at a rate of 10% per annum, compounded annually, what will be the total value of his investment after 2 years?
    A Rs.7415 Correct Answer Incorrect Answer
    B Rs.8175 Correct Answer Incorrect Answer
    C Rs.6883 Correct Answer Incorrect Answer
    D Rs.9870 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Amount received by 'Y' = 17400 × (7/18) = Rs. 6750

    So, total amount received by 'Y' after 2 years = 6750 × {(1 + (10/100))}² = Rs. 8175

    Practice Next

    Relevant for Exams: